General Announcement::SGX Launches Clearing of Non-Deliverable Interest Rate Swaps

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
07-Apr-2014 17:33:34
Status
New
Announcement Sub Title
SGX Launches Clearing of Non-Deliverable Interest Rate Swaps
Announcement Reference
SG140407OTHR581O
Submitted By (Co./ Ind. Name)
Carolyn Lim
Designation
Vice President, Marketing & Comms
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) is pleased to launch the clearing of Non-Deliverable Interest Rate Swaps (NDIRS) in Malaysian Ringgit and Thai Baht on 7 April 2014. This new asset class, which will be settled in US dollars, further augments SGX's current suite of Over-the-Counter (OTC) Financials clearing which includes Interest Rate Swaps ("IRS") in Singapore Dollar and US Dollar and Non-Deliverable Forwards ("NDF") in seven Asian currencies.

Attachments

20140407_SGX_Launches_Clearing_of_NDIRS.pdf
Total size =50K